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Dec 20, 2012
12/12
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a survey showed a third of the public is so concerned about the fiscal cliff and what our tax rates will be we have cut back on spending altogether. and the estimate for holiday sales is revised from 3.3 percent to 2.5 percent because of the fiscal cliff and super storm sandy and deep discounts. those deep discounts can continue on saturday, super saturday, the biggest shopping days of the year, a couple daze before christmas this year, so if you go in the store and you are look if 70 percent off sale you will find it. i am not sure your item will be in stop but you will like the price tag. happy shopping if you are not done already. i am. i am wrapped and i have the bows. >>neil: i knew you would rub that in. but processed meats and cheeses are everyone's favorite gift. tomorrow is my crist shopping tips if everyone. many americans country on tax refunded to pay if the holiday shipping bills they are stacking up but what if the refunds are delayed, seriously delayed? this wanting from the i.r.s., and i quote, "most taxpayers may not be able to file 1212 taxpayer returns until late in ma
a survey showed a third of the public is so concerned about the fiscal cliff and what our tax rates will be we have cut back on spending altogether. and the estimate for holiday sales is revised from 3.3 percent to 2.5 percent because of the fiscal cliff and super storm sandy and deep discounts. those deep discounts can continue on saturday, super saturday, the biggest shopping days of the year, a couple daze before christmas this year, so if you go in the store and you are look if 70 percent...
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Aug 22, 2012
08/12
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FOXNEWS
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cliff, where we will see likely the bush tax rates expiring at the end of the year, the automatic budget cuts coming in, and the so-called sequestration. and the head of the c.b.o. said we could be headed if a major economic calamity. take a listen. >> if allowed to occur, the sharp reductions in taxes and, rather, reduction in spending, and that will lead to a trimming of the deficit of $500 billion, a significant tightening you have policy and lead, possibly, to a recession next year. >>reporter: a recession, not something the white house wants to hear. here is the really bad news f they got a deal and have a deficit deal in the next few months, the head of the c.b.o. said the economy would get stronger and there would not be a recession but the fiscal crisis would still be looming because the deficit would keep going up. so, under either scenario there are real problems. >>shepard: we learned vice president biden could be in tampa when the republicans are in tampa for the convention and now it is looking like he is getting under their skin. >>reporter: he is campaigning in detroit, sp
cliff, where we will see likely the bush tax rates expiring at the end of the year, the automatic budget cuts coming in, and the so-called sequestration. and the head of the c.b.o. said we could be headed if a major economic calamity. take a listen. >> if allowed to occur, the sharp reductions in taxes and, rather, reduction in spending, and that will lead to a trimming of the deficit of $500 billion, a significant tightening you have policy and lead, possibly, to a recession next year....
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Aug 23, 2012
08/12
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MSNBC
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that fiscal cliff is over. so they can say everything they want. but i think people will know who's been obstructing. >> well, will the republicans do the right thing and act on these tax cuts and spending cuts? or are they going to hang the economy out there and blame it on the democrats? >> oh, i think that it seems to me they want to put everything off until after the election. and we actually in the senate, we were able to do something i think that was very smart with harry reid's leadership. we were able to get them to stand down from the filibuster and we passed that tax cut. everybody gets it up to $250,000. after that, clinton tax cuts kick in for those over $250,000. we passed that with a majority vote, and they're sitting on it and won't do it. >> but the cbo report paints a very tough picture in january of 2013. and this is going to be an argument that the democrats are going to have to win with the public, is it snit not? this squarely puts the focus back on winning the argument. how do the democrats win that argument? >> as i said, num
that fiscal cliff is over. so they can say everything they want. but i think people will know who's been obstructing. >> well, will the republicans do the right thing and act on these tax cuts and spending cuts? or are they going to hang the economy out there and blame it on the democrats? >> oh, i think that it seems to me they want to put everything off until after the election. and we actually in the senate, we were able to do something i think that was very smart with harry...
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Dec 31, 2012
12/12
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FBC
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why would the fiscal cliff negotiations push mortgage rates down? i thought that was the federal reserve and all the money they're pumping into this economy? >> well, if they do not come to same kind of a conclusion and get us over this cliff the rates will stay down because people need to borrow. i read a thing today that said it is lower, your payment is lower to purchase a home today for $275,000 with 5% down, than it was in 1987 purchasing a home for $170,000. adam: about are you seeing a correlation between the fiscal cliff and the chaos we've been reporting on for several months and the drop in mortgage rates? different than the way the federal reserve drives down interest rates? >> well they're going to keep the mortgage rates low as an incentive for buyer, period. but we'll see them tick up a little bit towards the middle and end of 2013 because they have to be able to let people borrow again. borrowing requirements are so tough right now, there are a lot of people that can't borrow. rates will tick up a little bit and requirements will go d
why would the fiscal cliff negotiations push mortgage rates down? i thought that was the federal reserve and all the money they're pumping into this economy? >> well, if they do not come to same kind of a conclusion and get us over this cliff the rates will stay down because people need to borrow. i read a thing today that said it is lower, your payment is lower to purchase a home today for $275,000 with 5% down, than it was in 1987 purchasing a home for $170,000. adam: about are you...
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Sep 13, 2012
09/12
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ben bernanke has gone before congress and said, you are letting the economy go off the fiscal cliff. the congressional budget office said if the economy goes off the fiscal cliff, we will go into a recession. congress is doing nothing. the administration is narrowing on regulation. my latest book, how green job's policy is damaging america's image goes onto details of this. gerri: so we are in a tough spot? we have some breaking news that what i need to get to. sorry to interrupt you. the house just passed a stopgap measure to fund the government for six months. the senate will take this up, i believe, next week. do i have that right, kevin? he is giving me details as they break so the house just passed the stopgap measure. gary, that leads me to my next question. is the federal reserve the answer to the economy and the problems it has? >> they have zero interest in the economy. there is one where he that is hovering over the economy and that is uncertainty. it is emanating from washington on funds. number one, there are $16 trillion in debt. i know we have set it 60,000 times, but t
ben bernanke has gone before congress and said, you are letting the economy go off the fiscal cliff. the congressional budget office said if the economy goes off the fiscal cliff, we will go into a recession. congress is doing nothing. the administration is narrowing on regulation. my latest book, how green job's policy is damaging america's image goes onto details of this. gerri: so we are in a tough spot? we have some breaking news that what i need to get to. sorry to interrupt you. the house...
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Nov 19, 2012
11/12
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FBC
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cliff. that is if the white house and congress don't get their act together first. that means $600 billion in across-the-board spending cuts and tax increases, hitting every single american taxpayer right in the wallet. it's not just us but get hit hard, amid all the uncertainty, companies are scaling back their investment plans. according to "the wall street journal", u.s. companies are cutting their spending plans in the fiscal and economic uncertainty, and doing so at the fastest pace in the a recession. it goes on to say that companies are not planning to spend this year or next year. i am joined by jeffrey miron. welcome back to the show, jeffrey. good to see you. i want to start with some breaking news that we had. moody's just announced that they are cutting france's government rating to aa from triple-a. the s&p data back did it back in january. of course, we mentioned last week that the eurozone is in recession. economies that are expanding and not contracting. is this a winning pos
cliff. that is if the white house and congress don't get their act together first. that means $600 billion in across-the-board spending cuts and tax increases, hitting every single american taxpayer right in the wallet. it's not just us but get hit hard, amid all the uncertainty, companies are scaling back their investment plans. according to "the wall street journal", u.s. companies are cutting their spending plans in the fiscal and economic uncertainty, and doing so at the fastest...
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good to see you remapped good to see you as well be one we keep talking about the fiscal cliff. but let me remind you that we are 53 days away of what could be a recession if we don't. tax rates and spending cuts that are all part of the sequestration deal. the exact same second of the exact same day if they don't do something. how do you handle this? robert bennett, with his bipartisan approach coming up next. neil: all right, 53 days until automatic sequestration cuts kicked in. we do not address that, you have heard all of these estimates, and that is all they are. but they could be rosier if we slice three quarters of a percentage point off of the gdp. that could be a hit that turns a recovery into a recession very quickly. no sign that the two sides are willing to even hint of an agreement or even a talking point. revenues could be on the table. so far, universal support among republicans, reining in entitlements, basic fixed costs and government spending. again, they be they figure they have 53 days to do that. but i can be very dangerous. we have two guests with us. both
good to see you remapped good to see you as well be one we keep talking about the fiscal cliff. but let me remind you that we are 53 days away of what could be a recession if we don't. tax rates and spending cuts that are all part of the sequestration deal. the exact same second of the exact same day if they don't do something. how do you handle this? robert bennett, with his bipartisan approach coming up next. neil: all right, 53 days until automatic sequestration cuts kicked in. we do not...
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Nov 12, 2012
11/12
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CNBC
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how are you invested right now amidst all of these issues pertaining to the fiscal cliff, higher tax rates in 2013, et cetera? >> always good to be back with you. we've been defensive. we've looked for opportunities to take gains over the course of the year. thankfully we've been very u.s.-centric in our investments over the course of 2011-2012. what we're preparing for now is looking again at the foreign markets in 2013. >> foreign markets meaning you want to be allocating money outside of the u.s. because of these issues in the u.s.? >> well, taking a look at some of the large global players here in the u.s. and outside, because as tax rates go up here in the united states, what we're about to see is probably the laugher curve in reverse. tax rates going up, revenues declining, creating a headwind for gdp. we're look at companies in the world for looking for global growth opportunity outside our borders. >> mark, let me get your standpoint on this. all year all we've been hearing about are dividend payers. why? because the yield -- there's no yield anywhere with rates where they ar
how are you invested right now amidst all of these issues pertaining to the fiscal cliff, higher tax rates in 2013, et cetera? >> always good to be back with you. we've been defensive. we've looked for opportunities to take gains over the course of the year. thankfully we've been very u.s.-centric in our investments over the course of 2011-2012. what we're preparing for now is looking again at the foreign markets in 2013. >> foreign markets meaning you want to be allocating money...
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Oct 19, 2012
10/12
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there are more concerns tonight about the fiscal cliff at the end of the year along with the tax hikes that go into effect in january. jp morgan economist said cliff-related fiscal issues could take a full percentage point away from economic growth next year. >>> now our fourth story "outfront." we have breaking political news. we're reporting that mitt romney's staff is starting to pull out of the state of north carolina. you say why? because they're failing? apparently the campaign is so confident of a win there, they're shifting resources to battleground ohio instead. the latest polls appear to back them up on that, showing romney in the lead before the first game-changing debate. the numbers got better since then. here's the current cnn electoral map. this assumes that nine states are toss-ups, one is the state of north carolina. if mitt romney wins there, he's 15 electoral votes closer to election. if you add in florida, colorado and virginia, he's still not at 270, which is the number required to win. now, if he can pick up ohio in addition to those, he'll be the next president a
there are more concerns tonight about the fiscal cliff at the end of the year along with the tax hikes that go into effect in january. jp morgan economist said cliff-related fiscal issues could take a full percentage point away from economic growth next year. >>> now our fourth story "outfront." we have breaking political news. we're reporting that mitt romney's staff is starting to pull out of the state of north carolina. you say why? because they're failing? apparently the...
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Dec 21, 2012
12/12
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CURRENT
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it has to do with taxes and the so-called fiscal cliff. their proposal, they say for people making more than a million dollars we'll go back to the clinton era rates, 35 to 39%. capital gains goes from 15% to 20%. of course, they keep the bush's safe tax at incredibly low rate that it is, plus take away a couple of your deductions, including the earned income credit and child tax credit. they will be gone. it's irrelevant. even if they pass it in the house, the president will veto it. there they are. they're in the middle of a vote. oh, my god. can you imagine if this vote goes one way or the other? yeah, i can. things will be the same. >> this is about making mt. lawrence a designated site. >> oh, can you imagine if it wasn't dedicated. that was fun. that was the house. we just saw the house live. that's the first time i've ever seen that many people inside the house. nobody is giving a peach obviously. that poll, devastating. does it change the republicans at all? do they look at it and go maybe we should do a core stretch. >> it's not v
it has to do with taxes and the so-called fiscal cliff. their proposal, they say for people making more than a million dollars we'll go back to the clinton era rates, 35 to 39%. capital gains goes from 15% to 20%. of course, they keep the bush's safe tax at incredibly low rate that it is, plus take away a couple of your deductions, including the earned income credit and child tax credit. they will be gone. it's irrelevant. even if they pass it in the house, the president will veto it. there...
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Dec 8, 2012
12/12
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CSPAN
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when you hear about the fiscal cliff, it is not really the tax rate. i do not buy that at all. i do not think we need to increase these tax rates. >> if you go over and the tax rates go up on everyone and all that goes away -- >> i do not think we should do it. i think we should resolve this. it depends on if we do something about it in the next month or two after that. if we do something in 30 days or 90 days and we are clear about that, but nothing people believe we are going to do something until we do it. >> the to go to the broader concern. does the top rate have to end the 39.6% the way it was under bill clinton? could be democrats accept something between if it was coupled with a reduction in the ability on the top 2% to except a reduction of deductions? >> i do not want to second-guess what we might decide. i do not think that is what we should debate the right now. multimillionaires and what deductions they can take is something different. this is where we are. >> that is in addition to. >> yes, in addition to. the problem with having that debate now suggests that that
when you hear about the fiscal cliff, it is not really the tax rate. i do not buy that at all. i do not think we need to increase these tax rates. >> if you go over and the tax rates go up on everyone and all that goes away -- >> i do not think we should do it. i think we should resolve this. it depends on if we do something about it in the next month or two after that. if we do something in 30 days or 90 days and we are clear about that, but nothing people believe we are going to...
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Oct 18, 2012
10/12
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FOXNEWS
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no leadership when it comes to the fiscal cliff we're going to face with tax rates going up january 1. sequester hitting january 2. >> bret: get ready. the fiscal cliff standoff is coming. the white house is signaling they'll veto any plan that doesn't veto taxes on rich. he has had his position for a long time. romney campaign released a statement to work in bipartisan manner as fiscal cliff approaches. president obama first issued veto threats and ignore the other party. we have can't afford four more years of the failed leadership. back with the panel. mara, you know, we have this election coming of course. but the fiscal cliff is rapidly approaching. approaching >> rapidly approaching and big deal. it's congress and the white house's own making. they engineered the package. the resolution of this is completely dependent on who wins the election. if romney wins they will pass this and he wants a year to do the tax reform and big grand bargain that needs to be done. if president obama wins they could get a lame duck. he would have more leverage. bottom line is the same there. has to
no leadership when it comes to the fiscal cliff we're going to face with tax rates going up january 1. sequester hitting january 2. >> bret: get ready. the fiscal cliff standoff is coming. the white house is signaling they'll veto any plan that doesn't veto taxes on rich. he has had his position for a long time. romney campaign released a statement to work in bipartisan manner as fiscal cliff approaches. president obama first issued veto threats and ignore the other party. we have can't...
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Dec 8, 2012
12/12
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no ifs, ands or buts on that specific aspect of the fiscal cliff. >> with respect to the tax rates, i want to emphasize, i am open to new ideas. i'm not going to slam the door in their face. i want to hear -- i want to hear ideas from everybody. >> that's not a no. here is the treasury secretary timothy geithner. >> there's no agreement that doesn't involve the rates going up on the top 2%. >> not necessarily going up to the clinton era rates. just going up. today at a press conference at the capital, bain got a question about this. listen carefully to how he responded or didn't respond. >> you did speak with the president earlier this week. can you characterize this call? and also we understand that he just is making clear that it's got to be increasing rates for the wealthy or no deal. are you willing to give a little bit? maybe just not all the way to 39.6? >> the phone call was pleasant, but just more of the same. the conversations that the staff had yesterday, just more of the same. it's time for the president, if east serious, to come back to us with a counteroffer. >> not a no
no ifs, ands or buts on that specific aspect of the fiscal cliff. >> with respect to the tax rates, i want to emphasize, i am open to new ideas. i'm not going to slam the door in their face. i want to hear -- i want to hear ideas from everybody. >> that's not a no. here is the treasury secretary timothy geithner. >> there's no agreement that doesn't involve the rates going up on the top 2%. >> not necessarily going up to the clinton era rates. just going up. today at a...
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i outlined a responsible parent forward to avert the fiscal cliff without raising tax rates were serious about reducing with ups have to combine spending cuts with revenue. that sounds pretty opposed to good luck with that grand bargain guys so maybe we'll go off the cliff and what that really be so bad well you can decide mike maloney of gold silver is here to weigh in and cvo was out with a view of what a plunge would mean as far as a recession and unemployment goes and it's not about what the demographic that wakes up and says this is going to. holy demographic that realizes they have no savings this is according to michael owen he'll tell us all about it let's get to today's capital account. all right let's talk about the fiscal cliff because how can you avoid it the impact from going over it would be a recession in the u.s. economy next year and an increase in the jobless rate to nine point one percent by the end of two thousand and thirteen at seven point nine percent now and a deal to avert this would mean a deficit five hundred three billion dollars higher than it would otherwise
i outlined a responsible parent forward to avert the fiscal cliff without raising tax rates were serious about reducing with ups have to combine spending cuts with revenue. that sounds pretty opposed to good luck with that grand bargain guys so maybe we'll go off the cliff and what that really be so bad well you can decide mike maloney of gold silver is here to weigh in and cvo was out with a view of what a plunge would mean as far as a recession and unemployment goes and it's not about what...
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Nov 30, 2012
11/12
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FOXNEWSW
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that is the fiscal cliff. we shouldn't be dealing with other issues that are long term in order to avert the cliff as it were. that is immediate crisis. we have long term situation --. bill: but you know when lawmakers get a little bit of rope, you know, when they get time to think about it and push it off to the next year, it never gets done. this budget proposal, there are many who wonder whether or not even democrats could support it. the last budget that came from the white house went to the senate, it went 98-0 against it. no one voted for it. melissa: well, that was kind of a tricky parliamentary issue as well but, i do take issue with one thing, the idea we haven't dealt with entightments. we had two years, a year and a half we debated medicare. we made significant changes in medicare. we just had a campaign which republicans including governor romney time after time after time charged that we had cut $616 billion in spending out of medicare and we reformed the program. we have looking toward new ways t
that is the fiscal cliff. we shouldn't be dealing with other issues that are long term in order to avert the cliff as it were. that is immediate crisis. we have long term situation --. bill: but you know when lawmakers get a little bit of rope, you know, when they get time to think about it and push it off to the next year, it never gets done. this budget proposal, there are many who wonder whether or not even democrats could support it. the last budget that came from the white house went to...
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Dec 8, 2012
12/12
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but democratic leader nancy pelosi says the problem goes beyond the fiscal cliff debate. >> our economy is moving forward, but it could be growing at a faster rate. the republican leadership had taken up and passed some of president obama's job initiatives including the american jobs act and had passed the middle income tax cut. >> so let's cut to the chase. one of those congressional members is lying. either the republicans are right on cutting taxes on small business also add jobs, or the president's stimulus policies are fuelling the economic recovery in this country. joining me tonight to sort out the facts, david cay johnston, pulitzer prize winning journalist and author of "the fine print. let's start with the job growth. unemployment hit rock bottom near the beginning of the -- under the bush administration. you can see this right here. and this of course the changing the color here is when president obama took over in january of '09. who is responsible for this turnaround? >> absolutely the president. and it would be a better turnaround if the republicans had allowed a bigger st
but democratic leader nancy pelosi says the problem goes beyond the fiscal cliff debate. >> our economy is moving forward, but it could be growing at a faster rate. the republican leadership had taken up and passed some of president obama's job initiatives including the american jobs act and had passed the middle income tax cut. >> so let's cut to the chase. one of those congressional members is lying. either the republicans are right on cutting taxes on small business also add...
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Oct 15, 2012
10/12
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FBC
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cliff, and that will help the economy grow at a faster rate. connell: cheryl and dennis coming up on markets now. look, if you have copd like me, you know ican be hard to breat. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copflare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropiumbrr does not replace fasacting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsenith spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. other side effects include dry mouth and constipation. nothing can reverse copd spiriva helps me breathe better. (blowing sou) ask your doctor about spiriva. man on tv: ...rbis and homer
cliff, and that will help the economy grow at a faster rate. connell: cheryl and dennis coming up on markets now. look, if you have copd like me, you know ican be hard to breat. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copflare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropiumbrr does not replace fasacting inhalers for sudden...
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Dec 31, 2012
12/12
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WGN
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if you want to check out how much this fiscal cliff falloff will affect your next pay check, had to this web site. half a bill to legalize same sex marriage in illinois could come before state lawmakers in springfield as soon as this week. a white house spokesman tells the chicago sun-times, president obama is urging lawmakers to approve the "religious freedom and marriage fairness act". the spokesman says if the president were still in the legislature, he would support a measure to treat all couples equally. illinois passed a law approving civil unions for same sex couples in june of last year. if you're going out to celebrate tonight. the c-t-a is offering you a safe ride home for a penny. this year, the c-t-a is partnering with "miller lite" to provide rides on buses and trains for just one cent. penny fares begin at 10 p-m tonight. continuing through four a-m on new year's day. >> they are erupting with tons of exploding fireworks as they welcomed in the new year. it was the world's first major celebration for 2013. 7 t of fireworks were set off from rooftops and barges. many of them
if you want to check out how much this fiscal cliff falloff will affect your next pay check, had to this web site. half a bill to legalize same sex marriage in illinois could come before state lawmakers in springfield as soon as this week. a white house spokesman tells the chicago sun-times, president obama is urging lawmakers to approve the "religious freedom and marriage fairness act". the spokesman says if the president were still in the legislature, he would support a measure to...
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Dec 4, 2012
12/12
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CNNW
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cliff, tax rates go up not just for the rich but for the middle class, for everyone, all those cuts in domestic spending and naths security spending, they go into effect. people aren't going to be happy about that, and the president will be able to say, look, i begged them, i repeatedly said 98% of the american public, they wouldn't get a tax increase if we just took them out of the equation, let's pass legislation extending the bush tax cuts for everyone earning under $250,000 a year. they didn't do it. so, you know, he'll have some leverage on that in terms of the politics because politically, you know, the polls all are very consistent. the election results are pretty consistent. the american public is ready for a modest increase in taxes for the upper 2% of taxpayers. having said that, there's another issue that's coming up in february or march and that's raising the debt ceiling once again. the republicans have a lot of leverage on that right now because the white house, the administration will desperately want to raise that debt ceiling so the u.s. doesn't go into default. tha
cliff, tax rates go up not just for the rich but for the middle class, for everyone, all those cuts in domestic spending and naths security spending, they go into effect. people aren't going to be happy about that, and the president will be able to say, look, i begged them, i repeatedly said 98% of the american public, they wouldn't get a tax increase if we just took them out of the equation, let's pass legislation extending the bush tax cuts for everyone earning under $250,000 a year. they...
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Dec 19, 2012
12/12
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. >>> president obama's approval rating reached 57% in a cbs poll focusing on the fiscal cliff talks. >>> former republican senator chuck hagel is a top candidate to become the new defense secretary in the second obama administration, but there's some opposition questioning hagel's support for israel. >>> and ben affleck is reportedly on the list of possible successors if senator john kerry is nominated as secretary of state. affleck will be in washington today testifying before the house armed services committee about the security situation in congo is that's your morning dish of scrambled politics. >>> the dow saw its first back-to-back triple digit gains in five months tuesday. that was amid optimism that a deal will be reached on the fiscal cliff. today investors will be watching for fresh housing data and earnings from economic and holiday bellwether fedex. >>> this morning, swiss banking giant ubs announced it will pay a record $1.5 billion fine over its role in a global interest rate fixing scheme. >>> in the wake of the newtown massacre, cerberus is selling its majority stake
. >>> president obama's approval rating reached 57% in a cbs poll focusing on the fiscal cliff talks. >>> former republican senator chuck hagel is a top candidate to become the new defense secretary in the second obama administration, but there's some opposition questioning hagel's support for israel. >>> and ben affleck is reportedly on the list of possible successors if senator john kerry is nominated as secretary of state. affleck will be in washington today...
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Dec 30, 2012
12/12
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if we go over the fiscal cliff, tax rates will go up 9% to 33% for most all americans. that would also mean havoc for payroll companies and the irs that would have to struggle with how to handle withholding starting on january 1st. also unemployment benefits, those actually ran out today. that's something that republicans and democrats, we understand, are talking about right now. what else is at stake in the fiscal cliff? let's look at some other issues, things that we're not sure will be in a deal that comes out this week. at the top of that list, government spending cuts. that's about 8% to 10% in cuts to most every federal agency. also a pay cut for medicare doctors of 27% that would hit after january 1st. finally, don, there are a slew of other tax hikes. the alternative minimum tax is one that people talk about. the estate tax. these are all things that would affect average americans and which would hit on january 1st. so the fiscal cliff, it might be even bigger than people realize. don? >> lisa, thank you very much. >>> we've got a lot more planned for you this s
if we go over the fiscal cliff, tax rates will go up 9% to 33% for most all americans. that would also mean havoc for payroll companies and the irs that would have to struggle with how to handle withholding starting on january 1st. also unemployment benefits, those actually ran out today. that's something that republicans and democrats, we understand, are talking about right now. what else is at stake in the fiscal cliff? let's look at some other issues, things that we're not sure will be in a...
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Dec 30, 2012
12/12
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if we go over the fiscal cliff, tax rates will go up 9% to 33% for most all americans. that would also mean havoc for payroll companies and the irs that would have tro stro struggh how to handle withholding starting on january 1st. also unemployment benefits, those actually ran out today. that's something that republicans and democrats, we understand, are talking about right now. what else is at stake in the fiscal cliff? let's look at some other issues, things that we're not sure will be in a deal that comes out this week. at the top of that list, government spending cuts. that's about 8% to 10% in cuts to most every federal agency. also a pay cut for medicare doctors of 27% that would hit after january 1st. finally, don, there are a slew of other tax hikes. the alternative minimum tax is one that people talk about. the estate tax. these are all things that would affect average americans and which would hit on january 1st. so the fiscal cliff, it might be even bigger than people realize. don? >> lisa, thank you very much. >>> we've got a lot more planned for you this s
if we go over the fiscal cliff, tax rates will go up 9% to 33% for most all americans. that would also mean havoc for payroll companies and the irs that would have tro stro struggh how to handle withholding starting on january 1st. also unemployment benefits, those actually ran out today. that's something that republicans and democrats, we understand, are talking about right now. what else is at stake in the fiscal cliff? let's look at some other issues, things that we're not sure will be in a...
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Sep 12, 2012
09/12
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before the end of the year if congress fails to reach a deal to avoid the fiscal cliff and reduce the debt. speaker john boehner told reporters he's not optimistic a deal can get done. >> i'm not confident at all. the house has done its job. on both the sequester and the looming tax hikes. the senate at some point has to act. and on both of these, where is the president? where is the leadership? absent without leave. >> joining me now, sheldon white house. before i get to this, i want to ask you about your reaction and where your head is on aid to egypt. the egyptian government has yet to condemn this attack on the united states embassy in cairo. how troubling is that development for you? >> it's unhealthy for the egyptian government not to respond in a way that shows their concern for the safety of our americans that's made worse by the killing of annual bass door teac ambassador stevens and the three other personnel that shows how serious this kind of activity can be. so it's incumbent upon the egyptian government to try to make it right as quick as they can. >> how do you justify t
before the end of the year if congress fails to reach a deal to avoid the fiscal cliff and reduce the debt. speaker john boehner told reporters he's not optimistic a deal can get done. >> i'm not confident at all. the house has done its job. on both the sequester and the looming tax hikes. the senate at some point has to act. and on both of these, where is the president? where is the leadership? absent without leave. >> joining me now, sheldon white house. before i get to this, i...
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Dec 30, 2012
12/12
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what happens if we go over the fiscal cliff or get the type of deal the president is looking for? what we're talking about the top individual income-tax rate rising from 35% to 39.6%, the same tax rate we have before 2001. we do not need to be up at the 75% level. i would not advocate the go there but i think that is not really where we are and it is not where we need to be. host: we have a treat, who -- we have a tweet. they write -- host: the payroll tax is to% of income. -- guest: the payroll tax is 2% of income. the benefits of the payroll tax are larger or more important probably for low and middle income working families than they are for higher income families. that is certainly true. you have to remember that the payroll tax was a temporary provision. it actually was enacted at the end of 2010 to replace another temporary provision which was even more targeted toward low and middle income working families. i do not think anybody would dispute that at some point it needs to expire. the question is whether that time is now or whether it to go on a little bit longer. >> his r
what happens if we go over the fiscal cliff or get the type of deal the president is looking for? what we're talking about the top individual income-tax rate rising from 35% to 39.6%, the same tax rate we have before 2001. we do not need to be up at the 75% level. i would not advocate the go there but i think that is not really where we are and it is not where we need to be. host: we have a treat, who -- we have a tweet. they write -- host: the payroll tax is to% of income. -- guest: the...
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Dec 6, 2012
12/12
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the president yesterday on the fiscal cliff. >> obama: let's allow higher rates to go up for the top 2% that includes all of you guests but not in anyway that is going to affect your spending, your lifestyles or the economy in any significant way. let's make sure that 98% of americans don't see a single dime in tax increases next year. 97% of small businesses don't see a single dime of tax increases next year and by doing that alone we raise almost a trillion dollars. [♪ "world news tonight" theme ♪] >> stephanie: associated press says the white house is signalling president obama is willing to let the country go over the cliff. this is a choice of the republican party if they are willing to do higher rates on the country, there is a lot to talk about, if they are not, they will push us over the cliff. tim geithner said there is no prospect in an agreement that doesn't include the tax rate going up on the top 2% of americans. he said we are not prepared to have the american economy held hostage to periodic threats. >> there you go. >> stephanie: and he pointed out, taxes were the
the president yesterday on the fiscal cliff. >> obama: let's allow higher rates to go up for the top 2% that includes all of you guests but not in anyway that is going to affect your spending, your lifestyles or the economy in any significant way. let's make sure that 98% of americans don't see a single dime in tax increases next year. 97% of small businesses don't see a single dime of tax increases next year and by doing that alone we raise almost a trillion dollars. [♪ "world...
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Nov 5, 2012
11/12
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>>guest: mitt romney said he does not want taxes going up on anyone, the fiscal cliff. if you look at it, it is the marginal rates, capital gains and dividends, the debt tax, the marriage penalty, all of these things will go towards higher taxes for everyone. mitt romney has said we don't want to see that especially not in an economy right now and especially in a situation where we have not fixed the spending problem. i believe mitt romney's election will lead to taxes not going up and we will set up a process where we will see tax reform happen to simplify the code, lower the rates for everyone, fill the loopholes could get on about the business of growing the economy which has been the focus and should be the focus the last fur years -- four years. >>neil: joe biden in another interview said that if president obama is re-elected republicans will come to the table because the temperature would have burst, the fever would be burst and they will be more willing to work rather than constantly challenge and yell and scream. what do you think 1/2? >>guest: well, i can tell
>>guest: mitt romney said he does not want taxes going up on anyone, the fiscal cliff. if you look at it, it is the marginal rates, capital gains and dividends, the debt tax, the marriage penalty, all of these things will go towards higher taxes for everyone. mitt romney has said we don't want to see that especially not in an economy right now and especially in a situation where we have not fixed the spending problem. i believe mitt romney's election will lead to taxes not going up and we...
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Nov 15, 2012
11/12
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the fiscal cliff. in other words, no deal making means bad recession. is that a scenario -- is that what the market's telling us? >> i think you're dead on. if you look at what's happened, real incomes have fallen much more during the recovery than they did during the preceding recession. 4.8% down versus 2.7% down. unemployment is higher now than when the president first took office. what's made people feel good is a rising stock market. they felt wealthier. now with all these big tax increases coming on on capital gains and dividends, people don't feel that anymore. the significance of this poll, larry, is it's the first poll taken after the election. and the rhetoric has been very strong, also from harry reid. remember, when it looked like romney might win, he said there's going to be in reaching across the aisle. that's what harry reid said. >> i assumed all along that congress, in its wisdom, cannot be so stupid as to let all the tax cuts expire on december 31st. they cannot be so stupid. it's jus
the fiscal cliff. in other words, no deal making means bad recession. is that a scenario -- is that what the market's telling us? >> i think you're dead on. if you look at what's happened, real incomes have fallen much more during the recovery than they did during the preceding recession. 4.8% down versus 2.7% down. unemployment is higher now than when the president first took office. what's made people feel good is a rising stock market. they felt wealthier. now with all these big tax...
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Nov 9, 2012
11/12
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cliff come from increasing tax rates. according to erin ston young it would destroy 700,000 jobs in our country. the members of our majority understand how important it is to avert the fiscal cliff. that's why the house took action earlier this year to replace the sequester with other types of cuts and it's also why we passed a bill to extend all of the current tax rates. for one year so that we had time to overhaul our tax code. and it's why i outlined a responsible path forward where we can replace the spending cuts and extend the current rates, paving of the way for entitlement reform as well as tax reform with lower rates. 2013 should be the year we begin to solve our debt through tax reform and entitlement reform. i'm proposing we avert the fiscal cliff together in a manner that ensures that 2013 is finally the year that our government comes to grips with the major problems that are facing us. this will bring jobs home, result in a stronger, healthier economy and a stronger, healthier economy means more americans wor
cliff come from increasing tax rates. according to erin ston young it would destroy 700,000 jobs in our country. the members of our majority understand how important it is to avert the fiscal cliff. that's why the house took action earlier this year to replace the sequester with other types of cuts and it's also why we passed a bill to extend all of the current tax rates. for one year so that we had time to overhaul our tax code. and it's why i outlined a responsible path forward where we can...
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Aug 27, 2012
08/12
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what tax rates are gonna be and so forth everyone talking about if fiscal cliff we are on that does not help in terms of job creation, economic growth i want to give people some certainty that's got to be part of his agenda in terms of what he would do differently than what obama has done. >> yes we could use more of that. the real sense i'm talking about is make people feel he knows what we are going through that is the one thing that has fallen short in all polls. no, he doesn't really understand where i am at this is the opportunity to say yes i know anguish. >> then they have to know how they are going to get from where they are into a better future. >> he has to do both, personal and -- polls are even with his personal approval being favorable being down this convention gives him a chance to break out if he can connect in some way when we come back the republican party then and now. how far has it come from the george bush, tom delay years from the reform governors to the tea party movement the new there is a tornado watch in effect for are portions of southern and central florida.
what tax rates are gonna be and so forth everyone talking about if fiscal cliff we are on that does not help in terms of job creation, economic growth i want to give people some certainty that's got to be part of his agenda in terms of what he would do differently than what obama has done. >> yes we could use more of that. the real sense i'm talking about is make people feel he knows what we are going through that is the one thing that has fallen short in all polls. no, he doesn't really...
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Dec 4, 2012
12/12
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let's talk about the fiscal cliff. the president says the republicans have to agree to raising the marginal tax rate for the wealthiest top 2% from 35%. does he mean it has to go back up to 39.6% as was the case during the clinton administration or is there some wiggle room in between 35% and 39.6%? >> the president has repeatedly said there's room for compromise. but what this boils down to is a matter of fairness and a matter of math. giving certainty to the middle class is essential. there's no way mathematically, if you look at the republican's proposal, that you can get to the deficit reduction that we need to with preserving the middle class tax cuts by not increasing as the republicans refuse to do the upper tier rates. there's room for discussion, but that -- >> so the 39.6%, that's not a red line? >> as far as i know and the conversations i've had, the president has said there's room for compromise, but for the red line to be drawn in the sand by republicans to say that an increase in rates on the wealthiest a
let's talk about the fiscal cliff. the president says the republicans have to agree to raising the marginal tax rate for the wealthiest top 2% from 35%. does he mean it has to go back up to 39.6% as was the case during the clinton administration or is there some wiggle room in between 35% and 39.6%? >> the president has repeatedly said there's room for compromise. but what this boils down to is a matter of fairness and a matter of math. giving certainty to the middle class is essential....
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i outlined a responsible parent forward to avert the fiscal cliff without raising tax rates were serious about reducing with up to. half to combine spending cuts with revenue . that sounds pretty opposed to good luck with that grand bargain guys so maybe we'll go off the cliff and what that really be so bad well you can decide mike maloney of gold silver is here to weigh in and c.b.l. was out with a view of what a plunge would mean as far as a recession and unemployment goes and it's not about what the demographic that wakes up and says this is going through. there's a tightening. of the woolly nike's demographic that realizes they have no savings this is according to mike maloney he'll tell us all about it let's get to today's capital account.
i outlined a responsible parent forward to avert the fiscal cliff without raising tax rates were serious about reducing with up to. half to combine spending cuts with revenue . that sounds pretty opposed to good luck with that grand bargain guys so maybe we'll go off the cliff and what that really be so bad well you can decide mike maloney of gold silver is here to weigh in and c.b.l. was out with a view of what a plunge would mean as far as a recession and unemployment goes and it's not about...
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Nov 22, 2012
11/12
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where they are, to stave off the fiscal cliff and democrats say that we won't pass that bill, we want the rates to go up on the top bracket, and we won't pass anything that extends the race, what does the opening move look like? i'm somewhat pessimistic, there won't be much agreement on what the opening move will look like moving forward. >> let's not be pessimistic. it's thanksgiving, cease-fire in the middle east. let's all just wish each other happy thanksgiving, and wish all our politicians come back and get some deals done. thank you, both, for joining me. >> thank you. >> thank you for having us. >>> this friday night, your more identity theft. by the time this holiday season is over, an estimated 1.2 million identities may be stolen. every time you pull out your wallet, shop online or hit the road, you give thieves a chance to ruin your holiday. by the time you're done watching this, as many as 40 more identities may be stolen. you can't be on the lookout 24/7, but lifelock can. they're relentless about protecting your identity every minute of every day. when someone tries to t
where they are, to stave off the fiscal cliff and democrats say that we won't pass that bill, we want the rates to go up on the top bracket, and we won't pass anything that extends the race, what does the opening move look like? i'm somewhat pessimistic, there won't be much agreement on what the opening move will look like moving forward. >> let's not be pessimistic. it's thanksgiving, cease-fire in the middle east. let's all just wish each other happy thanksgiving, and wish all our...